“Some people fear public speaking. Others fear spiders.
Peter Schiff’s single greatest fear is that over-regulation, too much Fed intervention, and anti-business sentiment will eventually cause capitalism to come to an end.
Schiff spoke to King World News about it.
My biggest worry is that capitalism and the free markets will get the blame when it really hits the fan. When we get the real crash and everything implodes, and it’s really Armageddon style collapse, my fear (again) is that capitalism and free markets take the blame for problems that were created by government.”
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Or, we could just let the Bush tax cuts expire as scheduled, stop pretending that the US military (or any other entity, for that matter) can create stable, Western-style democracies in Afghanistan and Iraq in our lifetimes, and put some serious multi-front work into addressing the healthcare cost curve, we would easily stave off Armageddon and eliminate the need for any violent revolution.
But, Schiff is more about entertainment than solutions.
Unless you view the Clinton-era tax rates as Armageddon, in which case Schiff may be right that we are headed there.